Actuant (ATU) Forms $29.10 Double Top; Hennessy Advisors (HNNA) Has 1.3 Sentiment

September 14, 2018 - By Matt Emery

Actuant Corporation (NYSE:ATU) Logo

Actuant Corporation (ATU) formed double top with $30.56 target or 5.00% above today’s $29.10 share price. Actuant Corporation (ATU) has $1.77 billion valuation. The stock increased 0.52% or $0.15 during the last trading session, reaching $29.1. About 26,993 shares traded. Actuant Corporation (NYSE:ATU) has risen 14.12% since September 14, 2017 and is uptrending. It has underperformed by 1.50% the S&P500. Some Historical ATU News: 21/03/2018 – Actuant Sees 3Q Adj EPS 33c-Adj EPS 38c; 22/04/2018 – DJ Actuant Corporation Class A, Inst Holders, 1Q 2018 (ATU); 21/03/2018 – Actuant 2Q Adj EPS 13c; 21/03/2018 – ACTUANT CORP ATU.N FY SHR VIEW $1.05, REV VIEW $1.13 BLN — THOMSON REUTERS l/B/E/S; 08/05/2018 – Actuant at Wells Fargo Industrials Conference Tomorrow; 21/03/2018 – ACTUANT 2Q ADJ EPS 13C, EST. 15C; 21/03/2018 – ACTUANT CORP ATU.N SEES FY SALES $1.14 BLN TO $1.16 BLN; 21/03/2018 – Actuant Elects 3 Independent Directors; 30/03/2018 – S&PGR Lwrs Actuant Rts To ‘BB’ Frm ‘BB+’; Otlk Neg; 15/05/2018 – Wellington Management Group Buys New 4.9% Position in Actuant

Hennessy Advisors Inc (HNNA) investors sentiment decreased to 1.3 in Q2 2018. It’s down -0.83, from 2.13 in 2018Q1. The ratio has dropped, as 13 institutional investors increased and started new holdings, while 10 decreased and sold holdings in Hennessy Advisors Inc. The institutional investors in our database reported: 1.37 million shares, down from 1.39 million shares in 2018Q1. Also, the number of institutional investors holding Hennessy Advisors Inc in top ten holdings decreased from 1 to 0 for a decrease of 1. Sold All: 4 Reduced: 6 Increased: 10 New Position: 3.

Hennessy Advisors, Inc. is publicly owned investment manager. The company has market cap of $107.45 million. It provides its services to Hennessy Funds and investment companies. It has a 5.33 P/E ratio. The firm launches and manages equity, fixed income, and balanced mutual funds.

Osmium Partners Llc holds 1.36% of its portfolio in Hennessy Advisors, Inc. for 130,807 shares. Zpr Investment Management owns 43,596 shares or 1.01% of their US portfolio. Moreover, Perritt Capital Management Inc has 0.96% invested in the company for 190,642 shares. The Illinois-based Ativo Capital Management Llc has invested 0.26% in the stock. Maltese Capital Management Llc, a New York-based fund reported 133,978 shares.

The stock decreased 0.15% or $0.02 during the last trading session, reaching $13.76. About 110 shares traded. Hennessy Advisors, Inc. (HNNA) has declined 9.16% since September 14, 2017 and is downtrending. It has underperformed by 24.78% the S&P500. Some Historical HNNA News: 29/04/2018 – Meet John Hennessy and Dave Patterson, Silicon Valley’s first disruptors:; 02/05/2018 – Hennessy Advisors Inc. Exits Position in Olympic Steel; 17/05/2018 – MOET HENNESSY & CHARTON HOBBS RENEW DISTRIBUTION PACT; 25/04/2018 – Meet John Hennessy and Dave Patterson, Silicon Valley’s first disruptors “These were dangerous ideas that were going to destroy the computing industry.”; 04/04/2018 – Syska Hennessy Promotes Eight to Associate Partner, Including General Counsel Anjanette Bobrow; 15/05/2018 – Osmium Partners Buys New 1.8% Position in Hennessy Advisors; 21/04/2018 – DJ Hennessy Advisors Inc, Inst Holders, 1Q 2018 (HNNA); 02/05/2018 – Hennessy Advisors Inc. Exits Position in PCM; 17/05/2018 – Full transcript: Dave Patterson and John Hennessy on Recode Decode The pair won the Turing Prize in 2017 for revolutionizing computer processing by developing RISC; 17/05/2018 – Turing Prize winners Dave Patterson and John Hennessy on Recode Decode: transcript

Since May 14, 2018, it had 1 buying transaction, and 0 sales for $74,400 activity. 3,000 shares were bought by Altavilla Alfredo, worth $74,400.

Among 7 analysts covering Actuant (NYSE:ATU), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive. Actuant had 10 analyst reports since March 22, 2018 according to SRatingsIntel. BMO Capital Markets maintained it with “Market Perform” rating and $27 target in Thursday, June 21 report. The stock has “Hold” rating by BMO Capital Markets on Wednesday, March 21. J.P. Morgan downgraded Actuant Corporation (NYSE:ATU) on Thursday, June 21 to “Sell” rating. The firm has “Hold” rating given on Thursday, March 22 by Stifel Nicolaus. The rating was downgraded by JP Morgan on Thursday, June 21 to “Underweight”. The rating was maintained by KeyBanc Capital Markets on Thursday, June 21 with “Overweight”. KeyBanc Capital Markets maintained Actuant Corporation (NYSE:ATU) rating on Thursday, March 22. KeyBanc Capital Markets has “Overweight” rating and $27 target. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, March 21 report. Robert W. Baird maintained Actuant Corporation (NYSE:ATU) rating on Thursday, June 21. Robert W. Baird has “Buy” rating and $3200 target. The stock of Actuant Corporation (NYSE:ATU) earned “Hold” rating by RBC Capital Markets on Wednesday, March 21.

Investors sentiment increased to 1.38 in 2018 Q2. Its up 0.32, from 1.06 in 2018Q1. It is positive, as 7 investors sold Actuant Corporation shares while 46 reduced holdings. 21 funds opened positions while 52 raised stakes. 66.53 million shares or 2.03% less from 67.91 million shares in 2018Q1 were reported. New York-based Amalgamated Natl Bank has invested 0.01% in Actuant Corporation (NYSE:ATU). Dimensional Fund Ltd Partnership reported 0.03% in Actuant Corporation (NYSE:ATU). Raymond James Tru Na invested in 12,333 shares or 0.02% of the stock. Schwab Charles Inv Mngmt Inc holds 651,082 shares. 6,875 were reported by Laurion Cap Mgmt Ltd Partnership. Pinebridge Invs L P has invested 0.05% in Actuant Corporation (NYSE:ATU). Wedge Capital Mgmt L Limited Partnership Nc reported 921,306 shares or 0.26% of all its holdings. Champlain Invest Prns Ltd Liability Company stated it has 950,375 shares or 0.27% of all its holdings. Raymond James stated it has 564,561 shares. Cim Inv Mangement Inc has invested 0.13% in Actuant Corporation (NYSE:ATU). Teachers Retirement Sys Of The State Of Kentucky owns 17,192 shares. California Public Employees Retirement Systems reported 0.01% stake. Mason Street Advsr Ltd Liability Co stated it has 17,525 shares. Moreover, Omers Administration Corporation has 0% invested in Actuant Corporation (NYSE:ATU). State Common Retirement Fund stated it has 0% in Actuant Corporation (NYSE:ATU).

Hennessy Advisors, Inc. (NASDAQ:HNNA) Institutional Positions Chart

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